Turner Capital Investments LLC Purchases 147,511 Shares of ProShares UltraPro QQQ $TQQQ

Turner Capital Investments LLC purchased a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) in the third quarter, HoldingsChannel reports. The institutional investor purchased 147,511 shares of the exchange traded fund’s stock, valued at approximately $11,510,000. ProShares UltraPro QQQ comprises about 10.2% of Turner Capital Investments LLC’s investment portfolio, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of TQQQ. Anchor Investment Management LLC bought a new position in ProShares UltraPro QQQ during the second quarter worth about $65,000. Smith Chas P & Associates PA Cpas raised its stake in ProShares UltraPro QQQ by 57.4% in the second quarter. Smith Chas P & Associates PA Cpas now owns 13,705 shares of the exchange traded fund’s stock valued at $1,056,000 after buying an additional 5,000 shares during the period. Sequoia Financial Advisors LLC bought a new stake in ProShares UltraPro QQQ in the second quarter valued at approximately $236,000. Allworth Financial LP lifted its position in shares of ProShares UltraPro QQQ by 3,891.0% in the second quarter. Allworth Financial LP now owns 89,677 shares of the exchange traded fund’s stock valued at $7,264,000 after buying an additional 87,430 shares during the last quarter. Finally, Alternative Investment Advisors LLC. lifted its position in shares of ProShares UltraPro QQQ by 7.3% in the second quarter. Alternative Investment Advisors LLC. now owns 6,595 shares of the exchange traded fund’s stock valued at $534,000 after buying an additional 446 shares during the last quarter.

ProShares UltraPro QQQ Stock Up 1.0%

Shares of NASDAQ TQQQ traded up $0.82 during midday trading on Friday, hitting $81.05. 29,471,058 shares of the company’s stock were exchanged, compared to its average volume of 77,865,602. ProShares UltraPro QQQ has a 12 month low of $37.32 and a 12 month high of $88.09. The company’s 50 day moving average price is $74.01 and its 200 day moving average price is $69.82. The firm has a market capitalization of $39.12 billion, a PE ratio of 38.25 and a beta of 3.71.

ProShares UltraPro QQQ Company Profile

Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as futures contracts, swap agreements, and money market instruments. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.